US as a major LNG exporter

The US has experienced a significant shift in the production and export of liquefied natural gas (LNG) due to the shale gas boom. In just a decade, the US transformed from being an LNG importer to becoming the largest LNG exporter globally. This has been possible through the extraction of natural gas from shale rock formations using processes like fracking. The shale boom has also made the US the world's largest combined producer of both oil and gas. This newfound position as a major LNG exporter has allowed the US to have a significant impact on global crude oil and gas markets, challenging the dominance of OPEC countries and providing stability to global markets.